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Sent to me this evening from a reader. Thank you very much. In a short, throw-away note I sent the reader -- I am very, very aware of EOR and the fact that there's a lot of oil left in the ground -- I remember the early days of the Bakken boom -- the Whiting folks telling us that only 1 to 3 percent of the oil was being captured, but they knew they could get to 12%.
I was not aware of this article -- it says only 15% of the Bakken oil has been recovered. Completely believable. The amount of oil in any of these oil fields is directly proportional to the price of oil. So, maybe we'll see some of that oil considering what's going on in the Middle East right now.
Query: The oil industry first started drilling four-mile and u-turn horizontal lateral wells in North Dakota Bakken. Accurate?
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